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March 4, 2012

FNV Bearish Gartley Pattern

A Bearish Gartley Pattern recently completed on Franco-Nevada Corporation (FNV on TSX.) The trade setup was identified in the January 30, 2012 issue of The Geometric Trader - Global Equities Report. The report stated that the setup was complete at $46.44 and to sell on a stop one tick below the low of the high bar.

Three days later a high was made at $46.50, just 6 cents past the forecasted high! The next day the order was filled and then FNV quickly moved to hit our first two profit targets.